In a notable legal development, the Delhi High Court has issued an interim injunction in favor of RKSV Securities India Pvt. Ltd., widely known as Upstox, restraining unknown entities from infringing on its registered trademarks and copyrighted materials.
Upstox, a prominent online trading platform serving over one crore customers, filed a complaint alleging that unidentified individuals were operating fraudulent websites and social media groups impersonating the company. These entities were accused of using Upstox’s brand name, logo, and copyrighted images to deceive customers, resulting in financial losses and reputational damage.
Justice Mini Pushkarna, presiding over the case, acknowledged the evidence presented by Upstox and recognized the potential for irreparable harm to the company without immediate judicial intervention. The court’s order prohibits the defendants from using Upstox’s trademarks, domain names, social media handles, and any deceptively similar identifiers. It also mandates domain registrars to suspend the infringing domain names and reveal the registrants’ details, including KYC documents and payment information. Furthermore, the court instructed banks to freeze the defendants’ accounts and provide KYC documents and bank statements. Social media platforms, including Telegram, were ordered to suspend all profiles, groups, and channels associated with the fraudulent activities.
The court has scheduled the next hearing for May 20, 2025, and issued notices to the defendants to respond to the allegations. This decisive action highlights the judiciary’s dedication to protecting intellectual property rights and combating online fraud.
Upstox continues to urge its users to remain vigilant and engage only with official communication channels to avoid potential scams.
